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AVIC (Chengdu)UAS Co., Ltd.'s (SHSE:688297) 33% Jump Shows Its Popularity With Investors
China Drone: China Drone Report for the Third Quarter of 2024
China Drone Report for the Third Quarter of 2024
Zhong drone (688297.SH): the net loss in the first three quarters was 82.75 million yuan
On October 30, Zhongwu Drone (688297.SH) announced that the company achieved revenue of 0.369 billion yuan in the first three quarters, a year-on-year decrease of 72.0%; net income attributable to the parent company was -82.75 million yuan; non-net income attributable to the parent company was -96.3 million yuan.
Market demand leads to reduced product deliveries, with the drone's Q3 net profit hitting a new low for a single quarter in nearly two years.
1. Due to reduced market demand and increased research and development investment, the company has been operating at a loss for three consecutive quarters, with net income in the third quarter of this year hitting a nearly two-year low; 2. In the third quarter of this year, its total research and development investment amounted to 63.534 million yuan, a year-on-year increase of 163.72%.
Express News | Avic Chengdu Uas Q3 Net Loss at 44.4 Mln Yuan
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